Foster & Motley Inc. Grows Stock Holdings in First Trust Managed Municipal ETF $FMB

Foster & Motley Inc. increased its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 17.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,437 shares of the company’s stock after purchasing an additional 18,515 shares during the period. Foster & Motley Inc. owned 0.33% of First Trust Managed Municipal ETF worth $6,456,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FMB. LPL Financial LLC boosted its position in shares of First Trust Managed Municipal ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 2,308,525 shares of the company’s stock worth $118,046,000 after acquiring an additional 181,458 shares in the last quarter. UBS Group AG raised its position in shares of First Trust Managed Municipal ETF by 2.1% during the 4th quarter. UBS Group AG now owns 1,836,968 shares of the company’s stock worth $93,933,000 after acquiring an additional 38,553 shares in the last quarter. Raymond James Financial Inc. lifted its stake in First Trust Managed Municipal ETF by 2.9% during the second quarter. Raymond James Financial Inc. now owns 1,191,423 shares of the company’s stock worth $59,357,000 after purchasing an additional 34,126 shares during the last quarter. Composition Wealth LLC lifted its stake in First Trust Managed Municipal ETF by 8.7% during the fourth quarter. Composition Wealth LLC now owns 1,163,045 shares of the company’s stock worth $59,472,000 after purchasing an additional 92,945 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in First Trust Managed Municipal ETF by 12.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 420,652 shares of the company’s stock valued at $21,510,000 after purchasing an additional 46,980 shares in the last quarter.

First Trust Managed Municipal ETF Trading Down 0.3%

Shares of First Trust Managed Municipal ETF stock opened at $51.30 on Friday. First Trust Managed Municipal ETF has a 52 week low of $49.28 and a 52 week high of $52.03. The firm’s 50 day moving average is $51.14 and its two-hundred day moving average is $51.24.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a $0.157 dividend. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Thursday, June 25th. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16.

About First Trust Managed Municipal ETF

The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.